Destatis also confirmed that output shrank 0.2 percent across the whole of 2024, in line with its earlier estimate, and marking the second straight year of contraction for the German economy.

Deutsche Bank has suffered a 92pc slump in its profits amid a major downturn in the German economy. Germany’s largest lender on Thursday vowed to slash jobs after its profits attributable to ...

Deutsche Bank's profits plummeted by an astonishing 92%, as Germany's economy struggled. Profits attributable to shareholders dropped to €106 million (£89m) in the final three months of 2024 ...

Germany's economy contracted 0.2% in the last quarter of last year, compared to July-September, above market estimates of a 0.1% decline, according to Destatis data released on Thursday.

BERLIN (Reuters) - The German economy contracted more than expected in the final quarter of last year, reigniting recession fears as Europe's biggest economy is beset by political uncertainty ahead of ...

The eurozone economy grounded to a halt in the fourth quarter of 2024, as Germany and France, the bloc’s two largest economies, posted worse-than-expected contractions, reinforcing concerns over ...

"The weak economic situation is now leaving visible traces on the German labour market," German Labour Minister Hubertus Heil said on Friday. Disagreements among Germany's governing coalition over ...

The number of unemployed people in Germany has risen to its highest in a decade. The rise comes as the weakness of Europe's largest economy took its toll on the labor market. The number of ...

France has lacked a stable government since elections in the middle of last year, while Germany faces early elections in February after its three-party governing coalition collapsed. Spain, ruled by a ...

In its annual economic report, the German government cut its growth forecast for 2025 to 0.3% from a previously expected 1.1% due to trade tensions and domestic uncertainty over the upcoming election.

The German economy, Europe’s largest, also shrank for all of 2024 by 0.2%, the second straight year of declining output. And the outlook for this year isn’t much better.

(RTTNews) - The German economy logged an unexpected contraction in the fourth quarter on weaker exports amid cyclical and structural headwinds, preliminary data from Destatis showed Thursday.